I have enough for personal survival, but $10k per place seems high.

And certainly, if there is a bump in the economy or perhaps a long drawn out recession in the next few years, I wonder how many of the turnkeys will survive? 

Lesson #3: If you expect to survive in this business acquire the appetite to stand your ground when dealing with tenants.

If the recession is long and deep you may realize some pressures to lower rents but if that happens then I'm not sure where you could invest that would survive that type of recession.  

Surviving Hurricane Harvey Dispatch #4.

Add to that the building was built in 1900 (it survived the 1906 earthquake) and it was becoming a significant constant money pit because on-going maintenance required. 

We have a design in the bedrooms of one of the rentals that was 75 cents/sf, and it has a design in it and has survived 3 or 4 tenant changeovers and still looks brand new. 

I'm wondering if the homes that survived the hurricane become more desirable in these situations or if values come down on all RE regardless?

It would be 1,000x less awkward to ask the internet than the surviving relative. 

ask for more - money back at settlement - guarantees to survive settlement, all chattels in buildingsadd commercial real estate to your wish list of opporltunitesif you become discourage and frustrated - go flip a few junk houses for practice and cash flowattend auctions - watch the activity closely - meet your competition - collect cards - build a buyers listdo something every day related to your personal real estate and financial goals DON'T GIVE UP!